How to Establish Credit Quickly

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Establish credit quickly by keeping savings in a bank, keeping a good job record, and paying bills on time. Be sure not to get too many lines of credit with advice from a registered financial consultant in this free video on money management.

Part of the Video Series: Money Management
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Video Transcript

This is financial adviser Patrick Munro talking about how to establish credit quickly. The best way to establish credit quickly is to make sure you are dutiful with your handling of money. And basically if you keep savings and you have savings in a bank, you keep a great job record and you maintain your job on a long term basis you too can benefit from credit quickly. Because the decision to make credit to you is easy to do as opposed to someone who doesn't have any cash reserves, doesn't pay their bills on time and has a spotty job record. So if you are mindful of these situations you too can establish credit quickly. It's important once you get the credit that you do have to continue to maintain it. Pay your bills on time, not get too much credit because once it does come and it does come quickly, you get sometimes too much of it. That's the balance act that you have to constantly maintained. And once you do that you'll be successful in the world of credit. This is Patrick Munro talking about how to establish credit quickly.


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